PGRE

Paramount Group

4.29 USD
-0.05
1.15%
At close Apr 30, 4:00 PM EDT
After hours
4.29
+0.00
0.00%
1 day
-1.15%
5 days
-0.92%
1 month
-0.23%
3 months
-11.73%
6 months
-15.05%
Year to date
-13.51%
1 year
-7.54%
5 years
-55.54%
10 years
-76.58%
 

About: Paramount Group Inc is a real estate investment trust engaged in owning, operating, managing, acquiring, and redeveloping high-quality, Class A office properties in select central business district (CBD) submarkets of New York City and San Francisco. The company operates in two geographical segments New York and San Francisco. The company derives nearly all of its majority of revenue from rental income.

Employees: 316

0
Funds holding %
of 7,425 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

1,100% more call options, than puts

Call options by funds: $12K | Put options by funds: $1K

28% more repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 58

22% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 18

1.17% more ownership

Funds ownership: 64.07% [Q3] → 65.25% (+1.17%) [Q4]

1% more funds holding

Funds holding: 186 [Q3] → 188 (+2) [Q4]

2% more capital invested

Capital invested by funds: $686M [Q3] → $701M (+$15.5M) [Q4]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$4
7%
downside
Avg. target
$4.50
5%
upside
High target
$5
17%
upside

2 analyst ratings

positive
50%
neutral
50%
negative
0%
Morgan Stanley
Ronald Kamdem
60% 1-year accuracy
9 / 15 met price target
7%downside
$4
Equal-Weight
Maintained
18 Mar 2025
Mizuho
Vikram Malhotra
33% 1-year accuracy
3 / 9 met price target
17%upside
$5
Outperform
Maintained
25 Feb 2025

Financial journalist opinion

Based on 4 articles about PGRE published over the past 30 days

Positive
Zacks Investment Research
1 day ago
Is Paramount Group (PGRE) a Great Value Stock Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Is Paramount Group (PGRE) a Great Value Stock Right Now?
Positive
Seeking Alpha
2 days ago
Paramount Group: Suspended Dividends Keep Me Away Even As New York Office Booms
Paramount Group suspended its dividend in the summer of 2024, impacting total returns, which now depend on strong quarterly results or valuation expansion. PGRE trades at 8.12x the midpoint of its guided core FFO for fiscal 2025, set to outperform consensus estimates but a significant dip from 2024. Manhattan's strong leasing activity contrasts with San Francisco's rising availability rate. The West Coast city continues to realize weakness after the pandemic.
Paramount Group: Suspended Dividends Keep Me Away Even As New York Office Booms
Neutral
Business Wire
2 weeks ago
Paramount Announces Release Date for First Quarter 2025 Results
NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it will file its quarterly report on Form 10-Q for the quarter ended March 31, 2025 with the U.S. Securities and Exchange Commission and release its first quarter 2025 financial results on Wednesday, April 30, 2025 after the end of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Thursday, May 1, 2025 at 10:00 a.m. Eastern Time (ET.
Paramount Announces Release Date for First Quarter 2025 Results
Positive
Zacks Investment Research
2 weeks ago
Should Value Investors Buy Paramount Group (PGRE) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Should Value Investors Buy Paramount Group (PGRE) Stock?
Positive
Zacks Investment Research
1 month ago
Are Investors Undervaluing Paramount Group (PGRE) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Are Investors Undervaluing Paramount Group (PGRE) Right Now?
Neutral
Seeking Alpha
2 months ago
Paramount Group, Inc. (PGRE) Q4 2024 Earnings Call Transcript
Paramount Group, Inc. (NYSE:PGRE ) Q4 2024 Earnings Conference Call February 28, 2025 10:00 AM ET Company Participants Tom Hennessy - Vice President of Investor Relations and Business Development Albert Behler - Chairman, Chief Executive Officer and President Wilbur Paes - Chief Operating Officer, Chief Financial Officer and Treasurer Peter Brindley - Executive Vice President, Head of Real Estate Conference Call Participants Steve Sakwa - Evercore ISI Blaine Heck - Wells Fargo Ron Kamdem - Morgan Stanley Tom Catherwood - BTIG Vikram Malhotra - Mizuho Dylan Burzinski - Green Street Operator Good day, ladies and gentlemen. Thank you for standing by.
Paramount Group, Inc. (PGRE) Q4 2024 Earnings Call Transcript
Neutral
Business Wire
2 months ago
Paramount Announces Fourth Quarter 2024 Results
NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) filed its Annual Report on Form 10-K for the year ended December 31, 2024 today and reported results for the fourth quarter ended December 31, 2024. Fourth Quarter Highlights: Results of Operations: Reported net loss attributable to common stockholders of $38.6 million, or $0.18 per diluted share, for the quarter ended December 31, 2024, compared to $205.6 million, or $0.95 per diluted share, for the qu.
Paramount Announces Fourth Quarter 2024 Results
Neutral
Seeking Alpha
2 months ago
Paramount Group: Upcoming Debt Maturities And San Francisco Exposure Make This A Hold
Paramount Group is an internally managed REIT focused on New York and San Francisco office properties, with 13.8 million square feet across 18 properties. PGRE's Manhattan properties are 85% leased and comprise 73% of gross asset value, while San Francisco properties are 83.6% leased with rising vacancy rates. The Manhattan office market is expected to flourish due to office-to-residential conversions and return-to-office mandates, contrasting with San Francisco's high vacancy rates.
Paramount Group: Upcoming Debt Maturities And San Francisco Exposure Make This A Hold
Neutral
Business Wire
2 months ago
Paramount Announces Release Date for Fourth Quarter 2024 Results
NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it will file its annual report on Form 10-K for the year ended December 31, 2024 with the U.S. Securities and Exchange Commission and release its fourth quarter 2024 financial results on Thursday, February 27, 2025 after the close of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Friday, February 28, 2025 at 10:00 a.m. Eastern Ti.
Paramount Announces Release Date for Fourth Quarter 2024 Results
Neutral
Business Wire
3 months ago
Paramount Announces Sale of 45% Interest in 900 Third Avenue
NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it has sold a 45% interest in 900 Third Avenue, a 600,000 square foot Class A office building located on Third Avenue between 54th and 55th Streets in Midtown Manhattan, at a gross asset valuation of $210 million. Paramount will continue to own the remaining 55% interest and manage and lease the property. “We are excited to announce the sale of this non-controlling interest in 900 T.
Paramount Announces Sale of 45% Interest in 900 Third Avenue
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